JP Morgan

Coinbase Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst

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Coinbase Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst

[ad_1] JPMorgan notes that the bitcoin price is already under pressure, having slipped below $40,000, and it sees the potential for “cryptocurrency ETF enthusiasm to further deflate, driving with it lower token prices, lower trading volume, and lower ancillary revenue opportunities” for firms such as Coinbase. [ad_2] Source link

JP Morgan Reveals Likelihood Of Spot Ethereum ETFs Getting Approved

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JP Morgan Reveals Likelihood Of Spot Ethereum ETFs Getting Approved

[ad_1] Now that Spot Bitcoin ETFs have been approved by the United States Securities and Exchange Commission (SEC), the crypto space anticipates more ETFs to enter the market, particularly Spot Ethereum ETFs.  Despite this, analysts at JP Morgan, an American multinational financial service firm, have revealed a less than optimistic outlook for the potential approval … Read more